Long Term Care Insurance: Is our savings sufficient for care coverage?
With increasing awareness of the Baby Boomer retirement, the insurance industry is heavily focusing on long-term care insurance plans for aging consumers. Although Ministry of Health puts forward a significant amount of budget towards care for seniors, one can no longer depend on it solely or on private health insurance because it does not cover extended nursing home stays, assisted living centres or regular home care visits.
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Why are Canadians avoiding their long-term care planning?
A survey for Manulife Financial reveals that seven out of 10 Canadians said they would prefer to have an annual physical exam than spend an hour discussing their long-term care needs. This reluctance in discussing their future long-term care needs helps explain why only 21 per cent of Canadians have factored long-term care costs into their retirement planning.
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Living Arrangements for Persons with Alzheimer Disease
Many people in the early stages of Alzheimer Disease live safely at home, even though they may need plenty of memory cues like lists and notes. Over time, though, Alzheimer Disease causes memory loss and thinking problems that could make living at home problematic. For example, Alzheimer patients who are in the mid- to late-stages of the disease have been known to leave appliances such as the stove or the coffee pot on, and wander to unsafe places such as a busy intersection or unfamiliar part of town.
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Tips on Choosing Assisted Living in Alberta
Finding an appropriate Assisted Living residence can be a very time-consuming and rather daunting task, but you're already off to a great start with The Care Guide. You can do additional research using TheCareGuide.com. When making a decision to choose an Assisted Living retirement residence, you should keep the following in mind...
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